Monday, 28, November, 2022

Business

The construction of an Uzbek-Chinese pharmaceutical plant, which will specialize in the synthesis of medicinal substances, has commenced in the Navoi Free Economic Zone.

Majid Al Futtaim will open its first Carrefour stores in Uzbekistan, marking the first entry of an international grocery retailer into the Central Asian country.

Uzbekistan undertook four business climate reforms in the past year and earned a spot among the world’s top twenty most improved economies for ease of doing business, the World Bank Group’s Doing Business 2020 study says.

US$ 302.6 million worth of 24 deals were signed at the Kashkadarya Investment Forum, which was held on September 27–28 in Shakhrisabz.

The fourth meeting of the Uzbek-Russian Business Council, held on Tuesday in Tashkent, had its own special status and agenda.

President Shavkat Mirziyoyev visited the Shaffof Omadli Sanoat private enterprise in the Kokand Free Economic Zone (FEZ), where, among other projects, he got acquainted with the electric cars manufacturing project, the presidential press service said.

Samsung brand refrigerators will be manufactured on the territory of the Tashkent tech-park, Uzeltehsanoat (Uz Electrical Technical Industry) said.

Uzbekistan Airways will start operating once-a-week direct Tashkent-Kyiv charter flights as of October 5, 2019, with regular flights to be launched only next year, the First Deputy Investments Minister, the former Uzbekistan Ambassador to Ukraine Alisher Abdualiev said.

The Italian-American Fiat Chrysler Automobiles (FCA) is considering launching three models in Uzbekistan. Uzbekistan 24 channel reported citing the FCA vice president, Youssef Hadjas.

For the first time, JPMorgan Chase Bank and Asaka Bank signed a 36.4 million euros export credit line agreement in Moscow on August 8. The loan shall be re-paid within 7 years through the insurance coverage by the Chinese export credit agency Sinosure.

The initial price of the government’s share in the Uzbekistan Hotel put up for sale was cut by 10% due to lack of bids, the State Assets Management Agency said.

The German GP Günter Papenburg AG and the Uzbek state-owned unitary enterprise Transyulqurilish (owning 70% and 30% of the shares respectively) signed agreement for a joint venture, Papenburg Uzbekistan, for manufacturing of asphalt-concrete mixtures, ready-made concrete products, and performing construction and installation works, with the total authorized capital of 5.7 million euros, the draft government decree said.

A working meeting was held at the Uzbekistan Ministry of Transport with the delegation of the French-Italian aircraft manufacturer ATR, headed by Vice President for Sales Europe-Russia, Jérôme Gabory, the Ministry said.

The fifth meeting of the Uzbek-Turkish Intergovernmental Commission for Trade and Economic Cooperation and the Uzbekistan-Turkey Business Forum took place on July 22 to 23 in Ankara, the Foreign Ministry said.

Forward-TH Sports plant is being built in the Andijan province, which will produce balls for FIFA and UEFA world tournaments. This was discussed at a meeting between the Uzbek Ambassador in Pakistan, Furkat Sidiqov with the owner of the Forward Group, Khawaja Masood Akhtar Monday, the Uzbek Foreign Ministry said in a statement.

The first IT park in Uzbekistan will open on July 24, the ITs Development Ministry, which the actual founder of the park said. It will be located in the Mirzo-Ulugbek district, at the Al-Khwarizmi school near Tashkent Inha University.

The first Tatneft gas station was inaugurated in Urtachirchik district of Tashkent province, Uzbekneftegaz said. The multi-fuel station is located on the 5th km of the Tashkent-Nurafshon highway. Аi-95, Аи-92 gasoline and diesel fuel by TANECO - the oil refining complex of the Tatneft group, Uzbekistan-made AI-80 gasoline in, as well as methane will be available at the gas station.

Uzbekistan and Afghanistan signed US$ 68 million worth of 25 export contracts and a memorandum of cooperation to supply oil and gas products to Afghanistan at the Uzbekistan-Afghanistan Business Forum and Matchmaking Session on Monday, the Uzbek Ministry for Investment said in a statement.

Sheraton Hotel in Ankara to host Uzbekistan-Turkey Business Forum on July 23. The delegations will be headed by the Uzbek Deputy PM Elyor Ganiev and the Turkish Vice President Fuat Oktay.

The Forum of the Provinces of Uzbekistan and Belarus will take place in Minsk in late July - early August as part of the planned visit of the President of Uzbekistan to Belarus, the upper house of parliament said.